ATLANTA--(BUSINESS WIRE)--The Board of Directors of First
Data Corporation, a global leader in electronic commerce and payment
processing, today announced that Frank Bisignano has been named chief
executive officer (CEO), effective April 29, 2013. He will also join the
First Data board of directors concurrent with his appointment.

“Frank has a proven track record of catalyzing positive change on a
global business operating in a dynamic industry. At Citigroup, he built
- from the ground up - the largest transaction services business in the
world and oversaw the largest technological and operations businesses in
the financial services industry,” said Joe Forehand, Chairman of the
Board of First Data. “Frank is known for managing technological
innovation in customer-focused businesses, and can now apply his skills
and experience to leading the largest transaction payment processing
company in the world. Frank is the ideal CEO for First Data and having
an executive of his caliber is exactly what we need to continue and grow
our leadership role in payment processing globally.”

“First Data has an impressive customer-centric business and I look
forward to joining the team and building on our strong partnerships with
customers,” said Frank Bisignano. “New technological advances are
impacting the payments industry every day, making life easier for our
partners, our merchants and consumers. First Data can and should lead
the way when it comes to offering the most innovative solutions and
service.”

Prior to the appointment, Bisignano most recently served as Co-Chief
Operating Officer of JP Morgan Chase &Co. (“JPMorgan Chase”), one of the
largest providers of banking, lending, treasury, wealth management and
investment services that serves 50 million customers, including
consumers, small businesses, mid-size companies, corporations, financial
institutions, nonprofits and governments. In this role, his
responsibilities included overseeing global technology, real estate,
operations, procurement, compliance, regulatory control and oversight,
resiliency, security and safety, and general services for all of
JPMorgan Chase's businesses in over 60 countries. He also served on the
executive and operating committees of JP Morgan Chase.

During the housing crisis, Bisignano had the additional responsibility
of serving as CEO of Mortgage Banking, leading a business that
originates more than $155 billion in home loans annually. Under
Bisignano’s leadership, the unit, the third-largest mortgage servicer,
rose to become the second largest originator of mortgages globally and
both revenues and customer satisfaction improved dramatically.

In 2012, Mortgage Banking reported net income of $3.3 billion, compared
with a net loss of $2.1 billion in 2011 and JP Morgan Chase saw
significant improvement in satisfaction among customers buying homes or
refinancing, according to J.D. Power and Associates. Under his
leadership, JP Morgan Chase moved up in the rankings to become the top
large bank in both mortgage originations and mortgage servicing (fourth
in Mortgage Servicing, July 2012 and fourth in Mortgage Originations,
November 2012). During this same period, he also was one of the chief
architects of the 2012 mortgage settlement that helped get the housing
market back on track.

Bisignano succeeds Ed Labry who has been serving a dual role as both
president of Retail and Alliance Services and Interim CEO since Jan. 28,
2013. Labry will continue in his role as president of Retail and
Alliance Services.

“Ed has done an outstanding job, and we are grateful to him for his
leadership, his long-tenure at First Data and his willingness to step in
to the interim role. In addition to his managing one of the company’s
largest businesses, we will continue to rely on Ed for support during
the transition and as a culture carrier at First Data,” Forehand said.

“It’s been an honor to have led our great team during this period. I
look forward to working with Frank to grow First Data into an even
stronger enterprise than it is today,” said Ed Labry, First Data interim
CEO and president, Retail and Alliance Services.

Biographical Highlights of Frank Bisignano

Prior to joining First Data, Frank Bisignano was Co-Chief Operating
Officer for JPMorgan Chase and the CEO of Mortgage Banking at JP Morgan
Chase after being hired as Chief Administrative Officer in 2005. He also
served on the firm's Operating Committee, the most senior governing
body, and the firm's Executive Committee.

Bisignano is also one of the founders of 100,000 Jobs Mission, a
coalition of companies, including JPMorgan Chase and First Data,
committed to hiring 100,000 veterans by 2020. As of April 10, the group
had reached a milestone, having hired over 64,000 veterans, including
5,300 at JP Morgan Chase, and JP Morgan Chase was also recently named
the second best place for veterans to work, behind only USAA, by Military
Times.

Prior to JPMorgan Chase, Bisignano was the chief executive officer for
Citigroup's Global Transactions Services business and a member of
Citigroup's Management Committee. Under his leadership (from 2002–2005),
Global Transaction Services' revenue grew to $6 billion from $4 billion
annually. Bisignano was also the Chief Administrative Officer for
Citigroup's Corporate and Investment Bank, a senior executive vice
president and Citigroup's firm-wide deputy head of technology and
operations. He held this post during the 9/11 crisis and is credited
with creating and executing Citigroup's successful business continuity
plan, which involved relocating 16,000 employees displaced by the loss
of 1.3 million square feet when the 7 World Trade Center building was
destroyed. At Smith Barney, he helped lead and integrate the firm’s
series of strategic acquisitions that led to the formation of Citigroup.
Prior to his career at Citi, Bisignano worked at First Fidelity Bank
from 1990-1994. During that company's turnaround, he was an executive
vice president overseeing technology and operations, and later served as
chief consumer lending officer.

Born and raised in Brooklyn, New York, Bisignano serves on the boards of
PENCIL, the National September 11 Memorial and Museum. He is also on the
board of JPMorgan Chase Bank N.A. and the Board of Trustees of Continuum
Health Partners. He is also a trustee for the Battery Conservancy and
St. Patrick’s Cathedral. He was previously vice chairman of the Options
Clearing Corporation and a board member for the Depository Trust and
Clearing Corporation, the Alliance for Downtown New York and the Lower
Manhattan Cultural Council.

In 2010, he received the Chancellor’s Medal for Outstanding Achievement
from Syracuse University for his leadership in training the next
generation of Chief Information Officers through the creation of a new
interdisciplinary technology curriculum, with a focus on technology,
business and engineering. Bisignano graduated from Newport University.
He is married with three children. Birthdate: Aug. 9, 1959.

About First Data

Around the world, every second of every day, First Data makes payment
transactions secure, fast and easy for merchants, financial institutions
and their customers. First Data leverages its vast product portfolio and
expertise to drive customer revenue and profitability. Whether the
choice of payment is by debit or credit card, gift card, check or mobile
phone, online or at the checkout counter, First Data takes every
opportunity to go beyond the transaction. More information about the
company is available on FirstData.com
as well as on Twitter,
LinkedIn,
Facebook
and YouTube.